Product Control Lead

Job Description:

Job Title: Product Control Lead

Location: London

Corporate Title: VP / Director

Company Overview:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection.  Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Location Overview:

Our London office is based just a stone’s throw from the magnificent St. Paul’s Cathedral on bustling King Edward Street. Here you’ll find modern workspaces and a state-of-the-art auditorium space. In addition, we’re proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus which have been created with the planet in mind. Make sure to take time for yourself and head up to our rooftop terrace and take in the spectacular views across London. Finally, your physical wellness is well-catered for with our onsite gym facilities and medical centre.

The Team:

The wider Equities - Prime Financing team comprises around 40 dedicated Product Controllers across our Chester and London locations who together support the broad array of businesses which make up this key component of our Equities markets franchise.  The team range from newly graduated individuals starting their chartered accountancy qualifications through to fully Chartered accountants with up to 20 years of industry experience.

The role offers fantastic exposure, not only within Equities Finance across our locations, but it also provides varied and interesting interaction with a range of other stakeholders across the bank and the opportunity to be a key business partner for front office.

Responsibilities:

Key responsibilities as part of Global Markets CFO supporting EMEA Equities- Prime Financing as London Lead:

• Deputising for London based EMEA Prime Financing CFO and Chester based Swaps and Prime Product Leads and assisting in supporting, coaching and development of the broader Prime Financing team.

• Building strong local business engagement at a Business Head level to support all aspects of BFC:

  • Control oversight on new products and initiatives by Trading Desks

  • Working with Front Office to explain and challenge their P&L and Valuations metrics

  • Significant transaction reviews

  • Business initiative partnership

• Representing Prime Financing with senior stakeholders across Legal Entity Control, Accounting Policy, Enterprise Capital Management, Regulatory Reporting, Liquidity and Treasury

• Continuous focus on challenging and improving controls, processes, applications and data sources across the team.

• Lead role in supervisory review and governance processes and ownership of a range of SEC and Regulatory disclosures.

• Supporting the team in aspects of P&L and Balance Sheet substantiation and delivery of financial metrics regarding business performance to senior management.

• Collaborate across the team/s on projects and initiatives

• Production and monitoring of Daily and Monthly KPI’s

What we are looking for:

• Ability to review, debate and challenge “the work”

• Lead by example and set high controls standards for the team

• Strong analytical and communication skills (both written and verbal to senior stakeholders)

• Ability to respond appropriately to time-sensitive requests

• Professional Qualification preferable

• Exposure to Equity products

• Proven experience of providing process improvements

Benefits of working at Bank of America:

UK

• Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner

• Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons

• 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum 

• The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc.

• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.

• Access to an Employee Assistance Program for confidential support and help for everyday matters

• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution

• Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of the UK’s most iconic cultural institutions and exhibitions.

• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

Bank of America:

Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.